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Rise being managed for a £1.648 - £1.649 close.
Can't let that go unchallenged Kal, "to have 10 brands to sell essentially party dresses is mad"
This is soooo off the mark and deep down you know it is, they are now so much more than this, you only have to go on Debs site to look at the options and what these options actually are and this is just in house clothing Brands. TBH not sure which of the Men's Brands will be first to stock a party dress but way things are going wouldn't surprise me if they launch a Non Binary Brand soon with 2022 Xmas line-up of dresses for the new pronoun fraternity.
https://www.dailymail.co.uk/femail/article-10283601/Student-18-spends-just-15-08-110-items-PrettyLittleThing.html
In reality this must be a very small % of stock, dead stock eats into margin in so many ways, not least storage, better to out it than think ooooo i really love that top we sourced but shame no one else does however one day it will sell, nah, just cut it, learn, move on.
The other no brainer is the traffic that this sort of article drives to the site, it's priceless PR which would cost so much more that outing dead stock, when this traffic feels compelled to visit they will also be buying other product as often sizes on these loss leaders are so fragmented that you have to be an outlier oddball to actually fit into the only sizes left.
come on kalluma the usa ad says up to 80% off in very small letters. Everyone does that!
Sales and discounting to shift old stock out of the warehouse …..
What a novel idea …..
I’ve bought some shares today. Actual shares to love and to hold for the longer term rather than a trading position.
Kall, don't ABF own Jordans (which do a variety of similar cereals)? As well as all the other brands that ABF hold that compliment and in some cases compete with each other?
Well, we'll find out about Black Friday's sales soon but PLEASE don't crawl back to your dark cave if the the share price re-rates ;)
its like the share price is being managed for a £1.65 hold.... can see it closing £1.648 today.
Looks like a short qsueeze going on with ASOS. Shorters must be starting to twitch here as well; glued to their screens, terrified to leave for even a few minutes ...
that's probably why ASOS is up 7% today and BOO is only up 2%.
BOO must be selling stock at a hell of a loss, or getting rid of old stock.
Kalluma why is Norges Bank buying Bohoo shares then??
Still no answer LMAO
kallumana - you couldnt make (it) up,
They must be covering ;)
# Trades 1,890
Vol. Sold 1,136,453
Sold Value £1,862,58
Vol. Bought 2,456,919
Bought Value £4,033,711.62
Having different brands is fine when your presence is online. It's much harder for Primark to have different brands because it has no online presence. It is harder to differentiate brands in-store.
I think having different brands not only gives Boohoo access to growth that it would otherwise miss out on but also makes it more resilient to the consumer and fashion cycle - if one brand does less well, another can pick up the slack.
I see Boo very much as a technology / logistics company that also has an excellent manufacturing and retail business rather than the other way around. There is vast scope to innovate, grow and expand, which bricks-and-mortar retailers such as Primark (which, incidentally, I have always believed to be an excellent business) simply cannot match.
I think there's an 80% chance that Boohoo will more than double over the next 6-12 months. It's just too cheap.
All IMHO DYOR
Happy
Kal-Quote I questions the need for all these brands, Shein and Primark don't have different brands and they are doing just fine.
Unilever , Procter & Gamble without giving too much thought spring to mind.
Re specifically Primark, i think i've said this to you before , i like Primark, Paul Marchant is a very shrewd guy, i think there is room for all and don't agree with this pure retail v pure etail one better than the other debate, both have their place, altho how long Primark can hang on with some sort of online offer ish remains to be seen.
Shien, pile of dog poo, makes the pre Andrew Reaney BH era look like the Virgin Mary, coming under increasing scrutiny as is China in general.
kallumma why is Norges Bank buying Boohoo then LMAO
Kall, Quote If they are given autonomy, how will they change labels on fruit on loom products and coordinate that across the brands?
Fruit of Loom, Gildan to name just two of many others are stock plain jersey companies in the UK, just about every single retailer and e-tailer use these stock jersey T's and Sweats as do many music promoters, there are mainly there to hit a trend eg Tie Dye or if there is a massive unexpected swing towards leisurewear, or as Urban Outfitters do print up licensed Pulp Fiction or Motorhead T's , when they sell out they just print more, no commitment, it's really not a massive part of what they do, 90% is all out of Leics and i can 100% guaranteed that anyone who does this may have a Fruit of the Loom or Gildan back neck label slip through.
The BH Group story is now 1000000% more nuanced (that word again) than an odd label going through, Karen Millen, Oasis , Warehouse, Wallis, Coast wont go within a million miles of this type of sourcing.
Change has been afoot since spring and it's starting to have an impact across the Group.
BTW anyone who wants bulk T's check out Gildan, sweet spot is 180-200gsm Organic,
https://www.gildanbrands.com/#
T4G -Quote From my pov, it looks like Boo are bringing in a more modern, flatter structure which encourages accountability and responsibility. Which usually leads to better performance
1000000% each Brand is different, management get this, test repeat is not relevant or needed for all, however atm they are all very line hungry, Burtons buying deeper on some of the numbers now and Nasty Girl doing the same, 300pcs has become 600 to 1000pcs, buyers and merchandisers becoming much stronger and confident, i mentioned all this back in Feb when BH bought all these Brands that they needed to recruit heavily and get right teams and structure in place, even things as simple as shipping approvals were incredibly tedious but now each team as dedicated team with something as simple as a relevant department email ID, before it was chaotic one email id for shipping across nearly all Brands, was always going to take time, still adjusting but the cogs are now well oiled and starting to turn much more smoothly and it is still very very early days as to where BH Group are heading.
Kall, the Head of Burtons Brand is Mitch Hughes, he has been at Burtons since 2015, this is an online record, take what i've heard with a pinch of salt and make of it what you will.
A tight grip is what made BH, nah and a massive sweeping statement not least on ESG, no tight grip there where it was needed, other areas it is def not needed, PLUS, you keep making the same mistake many do on here, this is not old BH it's BH Group, to grow all these quickly Brands they need autonomy.
Wait until the company release their figures....h2 is going to smash it out of the park for growth compared with h1....
Burtons -I'm hearing it was a record period Black Friday, sales very strong for them through the Debs site, if what i'm being told is true then axe has been swung to speed up buying processes to meet demand and power given back to buyers to make their own decisions rather than signing off through management teams every time, this is always great to hear and signals confidence within the brand as opposed to the nervousness associated with a tight grip.
Shorters desperate
noggers - norge bank bought near the all time low for Royal Mail . Was a real catylst for movement
Nuri - I agree. Anything that gets it trending in the right direction is a bonus.